On August 4, seven batches of local auctions in Shanghai officially began. Among them, Jiading Nanxiang residential land has a planned construction area of 52462.47 square meters, a floor area ratio of 1.3, a starting price of 1,416 billion yuan, and a starting floor price of 27,000 yuan/square meter. The plot attracted 3 bidders to participate in on-site bidding. After 27 rounds of bidding, China Resources Land finally won the plot with a total price of 1,614 billion yuan, with a floor price of 30,774 yuan/square meter, and a premium rate of 13.98%.

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